Enginuity Power Systems

Simply Efficient

Enginuity Power Systems

Simply Efficient

Alexandria, VA
Technology
Enginuity’s E|ONE micro-CHP system is one of the first new appliances in a generation, efficiently delivering electricity, hot water and heat to your home on demand. Enginuity’s E|ONE helps consumers save money while living their lives comfortably, both on and off the grid.

$868,584

raised
218
Investors
$91.8M
Valuation
$38.66
Price per Share
$579.90
Min. Investment
Common
Shares Offered
Equity
Offering Type
$3M
Offering Max
Reg CF
Offering

$868,584

raised
218
Investors
$91.8M
Valuation
$38.66
Price per Share
$579.90
Min. Investment
Common
Shares Offered
Equity
Offering Type
$3M
Offering Max
Reg CF
Offering

Rewards

Get rewarded for investing more into Enginuity Power Systems:

$1,000+
Investment
$1,000+ Tier:
Free Enginuity shirt
$2,500+
Investment
$2,500+ Tier:
All perks from $1,000 tier + Priority order list. + 3% bonus shares
$5,000+
Investment
$5,000+ Tier:
All perks from $2,500 tier + Free installation on first E-ONE units available to the public (Maximum 2 units) + 5% bonus shares
$10,000+
Investment
$10,000+ Tier:
All perks from $5,000 tier (Maximum 2 units) + Upgrade to Top Priority order list + 20% discount ) + 7% Bonus Shares
$20,000+
Investment
$20,000+ Tier:
All perks from $10,000 tier (Maximum 2 units) + 30-minute call with the founders/executives with presentation and Q&A + 10% Bonus Shares

Reasons to Invest

Enginuity’s award-winning combined heat and power technology is protected by 30 filed and pending patents, and our prototypes are approaching commercialization.
Because E|ONE is designed for easy integration, our initial market consists of the 80 million homes in the US currently using natural gas and propane, plus the 600,000 new natural gas homes being constructed annually.
Our team of business leaders, experienced entrepreneurs and engineers are committed to using the E|ONE’s green design to lower carbon emissions and build a more efficient and cost effective energy system.

Simply Efficient Heat and Power

Enginuity is the leading innovator in highly efficient Combined Heat and Power Systems (CHPs). Enginuity’s E|ONE will enable consumers to live comfortably on or off the grid, while saving money.


Powered by Enginuity’s proprietary power generation technology, Enginuity’s E|ONE  micro-CHP system is an efficient generator delivering electricity, hot water and heat on demand. The entire system fits within the footprint of a standard water heater, and yet produces enough power to satisfy the electrical power requirements of a home. 


In an emergency, E|One can seamlessly act as a backup generator during power failures, keeping your home powered when the grid goes down. E|ONE easily integrates with solar panels, batteries and EV charging systems for an ultra-clean environmental footprint. 

The Problem


An Inefficient Power Grid with Few Alternatives

Fossil fuel power plants expend 65% of their power in waste heat, plus an additional 5% in transmission and distribution. This waste adds up  to 1 Gigaton of CO2 emissions and $180 billion in unnecessary costs to homeowners.  We believe the solution is Distributed Energy, where power is made right where it is needed, and the heat is used productively instead of just being wasted into the air.

Meanwhile, traditional backup electricity generators are noisy, expensive and difficult to install. Until now, no one has stepped up to provide consumers with a cost effective, efficient, and reliable in-home electricity generating appliance.

The Solution


Enginuity’s Ultra-Efficient E|ONE Combined Heat and Power Systems

To solve the problem of grid inefficiency, Enginuity created the E|ONE, an All-In-One appliance that functions as a home furnace, water heater, electrical provider and back-up generator, and fits within the footprint of a conventional water heater. 

“Images used in this video are in the prototype phase. Enginuity’s E|ONE device is not currently available commercially.”

Enginuity designed the E|ONE so it can utilize, supply or transact power with the grid, and it can also operate completely off-grid for maximum reliability.

The Market


A Growing National Market

Enginuity’s initial target market is made up  of the 80 million homes that use natural gas and propane in the US. 35 million of these homes are in states which we believe are ideal for E|ONE utilization due to their favorable economics and state incentives. 


Every 5 years, homeowners can be expected to replace a water heater or furnace or buy a back-up generator. This is expected to generate 7 million annual sales opportunities for E|ONE, and capturing 5% of those would equate to 350,000 homes per year.  In addition, there are 600,000 new natural gas homes built annually in the US and capturing 10% of this market would equate to 60,000 homes per year.  

Altogether, we predict that our US annual potential market is around 410,000 units per year, or potentially more than $4 billion per year in revenue from these units alone. There are also additional potential revenue streams from value added services, such as financing, electricity transaction fees, and predictive maintenance that drives revenues from ancillary services.

Our Traction


Award-Winning, Revolutionary Technology Ready to Implement

We have already built multiple successful prototypes of our engines and of our E|ONE unit. Our groundbreaking technology is protected by 15 issued and 15 pending patents, covering our opposed piston technology, combined heat and power, and portable generation.  A derivative of our technology, a hybrid generator-set, is pending a DoD award of a DoD contract.

In 2020, Enginuity won the “Best Home Technology Product,” “Best Energy Efficiency Product,” and “Best In Show” awards at the NAHB Builder’s show.


Currently, Enginuity has received two contracts from the U.S. Government, and, in addition, has a pipeline of approximately $12 million in U.S. government and other organizations grant applications to fund R&D.

What We Do


A New Generation of Ultra High Efficiency Engines

We believe Enginuity’s family of high-performance engines represent the world’s first production-ready 4-stroke inwardly-opposed piston engine. These engines possess a unique set of operational characteristics which make them well suited for residential Distributed Energy and hybrid power generation.

The E|ONE patented generator uses less fuel because of our patented liquid cooling solution, and it is compact and lightweight due to its lean architecture. The E|ONE’s low emissions already meet CARB limits for particulates, and the system is quiet and nearly vibration-free due to its unique “mirror balanced” design. 

 

With this revolutionary technology, we plan to change the way we power our homes across the nation.

“Images used in this video are in the prototype phase. Enginuity’s E|ONE device is not currently available commercially.”

The Business Model


B2B Distribution of Our CHP Systems

Enginuity’s operational plan is to bring our revolutionary engine technology to the market by leveraging existing installers, wholesale distributors, and other B2B channels.


The average E|ONE delivered value is  $12,500, excluding installation. The average price paid to Enginuity amounts to  $8,750 per unit. This puts our projected gross margin at 25% if we use contract manufacturing and 50+% if we build our own manufacturing facilities.  

There are additional potential revenue streams from value added services, such as financing, grid integration and predictive maintenance.

How We Are Different


A Compact Energy Solution for the Average Home

While our competitors use retrofitted transportation engines ill-suited for home use, or customized engineered solutions that are expensive to implement, our appliance-like solution is designed specifically for installation in already-existing homes across the US with the following benefits:

The Vision


Powering Homes and Businesses Across America and building a SmartGrid

We want to be a widespread solution for American homes, revolutionizing power and heating systems nationwide. We plan to scale towards an E|TWO product that can power small businesses and larger buildings. 


As the world moves towards more solar and wind power, we believe natural gas powered generation and storage will become essential elements of building the next generation smart electricity grid and the E|ONE system will play a critical part in this smart grid evolution while simultaneously providing cost savings, added reliability and sustainability benefits to consumers. 

OUR LEADERSHIP


Experienced Entrepreneurs with a Vision for Cleaner Energy

Our committed team consists of former business owners, entrepreneurs, innovators and cleantech executive professionals with the skill set to help Enginuity transition to larger production commercial scale.


At the same time, our advisory board provides an impressive ecosystem of expertise to support Enginuity management team. 

Why Invest


Cutting-Edge Technology, Huge Market, and Strong Values

We have created competitive, patent-protected technologies that solve grid inefficiencies. 


We are capital efficient, with a strong partnership-based commercialization plan, and we are ready to revolutionize the potentially $100 billion US home heat and power market. 


Our proven management team and advisory board are supported by a network of experts, and we are dedicated to using our green technologies to reduce C02 emissions. 


Join us as we revolutionize how we power homes across America. 

In the Press

The E-ONE: a new high for engine micro-CHP?

The advantage of a fuel cell over an engine micro-CHP is the increased electrical conversion efficiency. This matters as electricity is worth more than heat unit for unit. However, that gap between an engine and fuel cell.

Offering Summary


Company

:

Enginuity Power Systems, Inc.

Corporate Address

:

730 S Washington Street, Alexandria, VA 22314

Offering Minimum

:

$9,974.28

Offering Maximum

:

$2,999,977.34 

Minimum Investment Amount

(per investor)

:

$579.90











Terms


Offering Type

:

Equity

Security Name

:

Class B non-voting stock

Minimum Number of Shares Offered

:

258

Maximum Number of Shares Offered

:

27,677

Price per Share

:

$38.66

Pre-Money Valuation

:

$91,849,162.54











*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.

Time-Based Perks*

Friends and Family Early Birds

Invest within the first 48 hours and receive an additional 20% bonus shares.


Super Early Bird Bonus

Invest within the first week and receive an additional 15% bonus shares.


Early Bird Bonus

Invest within the first two weeks and receive an additional 10% bonus shares.


Amount-Based*

$1,000+ Tier:

Free Enginuity shirt.


$2,500+ Tier:

All perks from $1,000 tier + Priority order list. +3% bonus shares


$5,000+ Tier:

All perks from $2,500 tier + Free installation on first E-ONE units available to the public (Maximum 2 units) +5% bonus shares

$10,000+ Tier: 

All perks from $5,000 tier (Maximum 2 units) + Upgrade to Top Priority order list + 20% discount ) + 7% Bonus Shares


$20,000+ Tier: 

All perks from $10,000 tier (Maximum 2 units) + 30-minute call with the founders/executives with presentation and Q&A + 10% Bonus Shares


*All perks occur when the offering is completed.


The Company will not incur any irregular use of proceeds.


Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$8,158,686.00 USD
$2,268,198.00 USD
Cash And Cash Equivalents
$1,558,124.00 USD
$1,877,070.00 USD
Accounts Receivable
$723,406.00 USD
$0.00 USD
Short Term Debt
$12,781,435.00 USD
$13,531.00 USD
Long Term Debt
$1,517,683.00 USD
$7,080,600.00 USD
Revenues And Sales
$5,625,363.00 USD
$0.00 USD
Costs Of Goods Sold
$4,073,010.00 USD
$0.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$2,214,501.00 USD
-$1,808,532.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

Notice of Material Change in Offering

6 days ago

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the Enginuity Power Systems offering. Here's an excerpt describing the specifics of the change:


Issuer added audited financials, increased the offering max, and changed their campaign end date to an earlier date.


When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

Investor Place features Enginuity Power Systems

8 days ago

Investor Place featured us in a ‘Q & A’ article about our company and the E|ONE.

Take a read and join our Investor Family today!

Q&A: Enginuity Is Focused on the Future of Efficient Energy

https://investorplace.com/2021/09/enginuity-focused-future-of-efficient-energy/


You are invited to come see a Live Demo of E|ONE

11 days ago

We are very excited to get back to meeting people in-person and talking more about the E|ONE – the difference now is that we will have a fully functioning unit on-site with us at these events!

Join our investor family here at StartEngine and stop by to see us:

  • AHR Expo, Las Vegas, January 31-February 2, 2022 – Booth N7435
  • International Builders’ Show, Orlando, FL, February 8-10, 2022 – Booth S842
  • CMPX, Toronto, Canada, March 23-25, 2022 – Booth 424

Learn more about us and the E|ONE: www.EnginuityPowerSystems.com 

Notice of Funds Disbursement

14 days ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Enginuity Power Systems has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Enginuity Power Systems be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

E|ONE and BEING GREEN

20 days ago

We had a great idea – and it was based in being ‘GREEN’. We are very proud to be making global energy-use greener for ourselves and future generations!

The E|ONE so efficiently converts our natural resources into energy, and with drastically fewer emissions, that our micro-Combined Heat and Power system has been recognized and awarded as supporting a #smarthome as #greentechnology. The E|ONE is perfect for a new build integration or can easily retrofit into a current home.

 

Learn more about it here: https://enginuitypowersystems.com/products/home-m-chp/

 

Join our investor family here at StartEngine today!


Enginuity supports EPA climate goals

26 days ago

Enginuity Power Systems is a proud member of the Environmental Protection Agency’s (EPA) Combined Heat and Power Partnership (CHP) program. This year, the EPA is celebrating the 30th anniversary of the launch of its first climate partnership program, Green Lights.  The CHP partnership program, launched in 2001, is part of the EPA climate partnership programs.

The E|ONE is our proud contribution to creating a greener energy future by maximizing the efficient use of our natural resources and drastically reducing emissions in order to support the world's ambitious decarbonization goals.

Learn more about the EPA’s Combined Heat and Power Program here: https://www.epa.gov/chp/chp-partnership-partners

Join our investor family as we bring the E|ONE to market! www.startengine.com/enginuity 

 

Correction to our August 18th 2021 post

26 days ago

PERC stands for “Propane Education & Research Council", not "Propane Energy Research Council".

Enginuity Power Systems, Inc. hit $775,000 in funds raised on StartEngine

about 1 month ago

Enginuity Announces $654,850 Contract Signed By Propane Energy Research Council

about 1 month ago

Enginuity is pleased to announce that its wholly owned Katech Engineering subsidiary has been selected to lead a $785,820 project by the Propane Energy Research Council (PERC), to develop, design and test direct Liquid Propane Gas (LPG) injection fuel systems for medium-duty commercial trucks and a multitude of potential light-duty applications. According to Enginuity’s Executive Vice-President of Operations Vince Meyers, “This opportunity will open a very large new market to Enginuity’s Katech subsidiary and will also enable us to accelerate Enginuity’s E|ONE mCHP commercialization program.” Katech will contribute 20% of the value of the contract and will receive a net amount up to $654,850. This LPG injection system will also directly contribute to the accelerated commercialization of Enginuity’s propane-based mCHP products, including its upcoming E|ONE product. This 6,600-cc engine platform can produce 250 kW of electricity in a standby electric generation configuration, and the direct fuel injection technology will be applicable in the 5 kW – 250 kW range. This new technology will enable Katech to target the 180,000 medium-duty engine vehicle market, a $1.4 – 1.8 billion market. Specifically, the new option will provide medium-duty fleets with a far more cost-efficient alternative to traditional “diesel-to-LPG” engine conversions. This 250-kW system will also be ideal for the agricultural greenhouse mCHP market, as well as countless small commercial & industrial mCHP and standby generation applications. Enginuity is also pleased to deepen its partnership with PERC, where both parties work to bring about clean, cost-efficient solutions to American consumers and businesses.


The Electrical Power Grid is Unreliable - E|ONE can solve this problem

about 1 month ago

As the recent Midwest outages have proven yet again, the electrical grid here in the United States is unreliable. Clean Distributed Power, as delivered by Enginuity’s E|ONE, is essential…’Be Your Own Utility.’

Article:  https://www.clickondetroit.com/news/michigan/2021/08/12/nearly-a-million-michigan-households-lose-power-why-does-this-keep-happening/



Phil Zoldak joins Enginuity as a Senior Director of Research & Development

about 2 months ago

Phil Zoldak recently joined Enginuity as a Senior Director of Research & Development to lead the engineering team effort in delivering E|ONE and executing the product development roadmap.  Phil has over 21 years of experience and a proven track record of developing novel engine and thermodynamic technologies and leading large multi-disciplinary project teams consisting of both industry, government and academic associates. The author of over 30 publications and holder of 4 patents with several pending, he is a welcome addition to the Enginuity Power Systems team.

More details: https://enginuitypowersystems.com/phil-zoldak-joins-enginuitys-engineering-team/?fbclid=IwAR1LTn9ngr4c47tTh5YEo5BCvA_t7EiKIjyoHQ1iKpCQUt26sOHDPnPuFlg

We are celebrating over $400K committed investments!

about 2 months ago


Since launching on Monday afternoon, we are very excited to see so much interest and understanding for the E|ONE! $400K+ committed investment is a fast start - we cannot wait to start seeing the positive results of the E|ONE’s in-home installation for lowering utility bills, reducing the consumption of our natural resources and drastically supporting the environment with fewer emissions. 

 

Welcome to the Enginuity family, investors and potential investors! 

 

Be sure to stay in touch with us here, don’t hesitate to reach out with any questions, and be on the lookout for our next update.

Show More Updates End of Updates

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